Toto Wolff says no decision has been made concerning his future with Mercedes in Formula 1 as he continues to contemplate his role as team principal.

Wolff is known to be out of contract at the end of the year, but has held frequent discussions with Mercedes about whether to extend his current deal.

The Austrian has steered the German manufacturer to six consecutive championship doubles since his arrival in 2013, with the team on course to claim a seventh title after winning four out of the first five races this season.

Having held his position as team boss for seven years, Wolff is considering whether to hand over the reigns and move to a more senior role that would see him not attend all races.

Upon revealing he’d been in talks with Mercedes CEO Ola Kallenius regarding his future, Wolff said he doesn’t see any reason not to continue his relationship with the outfit.

“I really have enjoyed many years in F1 in that role, and the discussions that we are having are very good,” Wolff said, as quoted by Motorsport.com.

“I am happy that my relationship with Ola is probably as good as it can be, and we speak almost every day and there are many factors that make me want to stay in F1.

“On the other side, it takes a toll, and this plays into my under consideration.

“But as it stands there is no reason not to continue with Mercedes, and we will find out in which role.”

Asked if he could no longer run Mercedes at the helm, Wolff replied: “This is down to the discussion between Ola and myself.

“We want to do the best for the team and continue to see the team prosper. And as I have said before, I really enjoy the role, and my plan is to continue.

“I enjoy what I do. I enjoy it mostly because I love to work with the people that are within the team.

“There is no better place for me to be in meeting room with the engineers, to sit in the garage and watch the great work that is happening around. I enjoy the battles that we have off track. I like to engage with our sponsors and partners.

“What that means for the future is a decision that I need to take together with my wife, and together with Ola.

“That doesn’t mean I won’t be around as a team principal or I won’t be around in another role, but it’s just that I’m thinking about it.”

Reigning six-time world champion Lewis Hamilton’s contract is also due to expire, although it is expected the Briton will re-sign with Mercedes.

Hamilton though doesn’t want to commit to a new deal until Wolff’s future is clear, as he admits he’s currently in a “moment of reflection”.

“It’s flattering that he says that it is dependent on what I do, but I think he doesn’t need me,” Wolff said. “He has a great team there that will always support him.

“But as I said before, I haven’t taken the decision yet. These are discussions that are ongoing and that are positive and I enjoy them.

“I don’t want to give you the spin that I’m leaving, because that’s not the case.

“I’m in a moment of reflection, where Formula 1 is heading to, what is happening around the COVID case and also personal reasons that I said before.

“Susie [Wolff] is in a good place running a Formula E team and that means she’s away a lot. I’ve been to God knows how many races, 120 Formula 1 races, in the last eight years.

“That is something we’re thinking about.”